SEOUL, Aug. 28 (Korea Bizwire) — Samsung SDI Co., a South Korean battery maker, said Wednesday it has signed a formal deal with global automaker General Motors Co. to jointly build electric vehicle (EV) batteries in the U.S. state of Indiana. Under the deal, the two companies will invest a combined US$3.5 billion to build [...]
SEOUL, Aug. 26 (Korea Bizwire) – In the wake of a devastating electric vehicle (EV) fire in Incheon, South Korean automakers and consumers are turning their attention to early warning systems designed to detect battery abnormalities. These systems are being hailed as a practical fire prevention measure, capable of alerting drivers to potential issues before they [...]
SEOUL, Aug. 25 (Korea Bizwire) – Electric vehicle models produced by South Korea’s Hyundai Motor Co. and Kia Corp. have received top ratings in major global car crash safety tests, according to the companies Sunday. According to the companies, five Hyundai and Kia EV models utilizing the E-GMP, Hyundai Motor Group’s proprietary EV platform, achieved [...]
SEOUL, Aug. 25 (Korea Bizwire) – The government and the ruling People Power Party (PPP) agreed Sunday to introduce a system mandating automakers to disclose the battery brand information of all electric vehicles (EVs). During a meeting between senior government officials and PPP officials, the two sides also agreed to launch at an early date [...]
SEOUL, Aug. 23 (Korea Bizwire) – Porsche’s first all-electric sports car, the Taycan, has returned with significant improvements in performance and convenience features, marking its first major update since its introduction to the Korean market four years ago. At a launch event held on August 22 at the Grand Hyatt Seoul, Porsche Korea unveiled nine new [...]
INCHEON, Aug. 22 (Korea Bizwire) –“Normal life still feels far away,” sighed an individual referred to only as Hwang, 44, as he sat in a temporary shelter at the Korean Red Cross Northwest Service Center in Cheongna-dong, Seo-gu, Incheon. It’s been nearly three weeks since an electric vehicle fire in an apartment complex forced hundreds [...]
SEOUL, Aug. 22 (Korea Bizwire) –Kia Motors, the South Korean automaker, announced on August 21 a comprehensive plan to address safety concerns and boost customer confidence in its electric vehicles (EVs). The initiative, dubbed the Electric Vehicle Customer Care Plan, includes several key measures aimed at enhancing safety and transparency for Kia’s EV customers. Effective [...]
SEOUL, Aug. 21 (Korea Bizwire) – In the wake of electric vehicle (EV) fire controversies, lithium iron phosphate (LFP) batteries are gaining attention in the global market. Known for their stability and cost-effectiveness, LFP batteries are seeing steady demand compared to their premium counterparts, nickel-cobalt-manganese (NCM) batteries. However, South Korean battery manufacturers find themselves in a [...]
SEOUL, Aug. 21 (Korea Bizwire) — The combined market share of electric vehicles produced by South Korea’s Hyundai Motor Co. and Kia Corp. in the United States ranked second in the January-July period, outperforming local manufacturers Ford Motor Co. and General Motors Co., an industry report showed Wednesday. In the report from Automotive News, citing [...]
SEOUL, Aug. 21 (Korea Bizwire) – Automotive companies in South Korea are pushing forward with their new electric vehicle launch schedules despite public concerns over EV safety, with key players actively campaigning to debunk unsubstantiated myths surrounding safe charging practices. The latest fears surrounding EVs began after a spontaneous fire that began in a parked Mercedes-Benz [...]